Quinn Emanuel Urquhart & Sullivan LLP engages Sarah Heaton Concannon, former litigator for the United States Securities and Exchange Commission, as a partner.
She has served as a senior legal advisor to the SEC, working on investigations and enforcement actions on a range of matters involving the fraud of an issuer, investment adviser or broker. Prior to joining the SEC in 2016, Concannon was a partner at Goodwin Procter.
Concannon joins Quinn Emanuel in Washington as the Biden administration prepares to strengthen enforcement of federal securities laws against insider trading, market manipulation, and misconduct by investment advisers, among others.
“We will see much more ambitious regulatory conduct in the securities field,” Concannon said in an interview, “maybe not in six months but over time.”
In 2018, Concannon led the SEC effort that obtained a court order freezing more than $ 27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of financial technology firm Longfin Corp. .
She has represented the commission in federal court and in administrative proceedings across the country, and has also been involved in cases involving improper professional conduct of auditors and guards and violations of the Corrupt Practices Act at abroad (FCPA).
During 14 years at Goodwin Procter, she handled complex commercial litigation, including representing a large international bank in four actions in the New York Supreme Court, and a related case in the Superior Court of California, involving fraudulent inducements, false statements and actions in breach of contract.
“We are delighted to welcome Sarah to the firm,” firm founder John B. Quinn said in a statement. “She is a leading securities lawyer and brings a source of talent to our work in this important area.”
He also praised his “substantial expertise in dealing with financial services companies, antitrust, cryptocurrency and other important areas of trade litigation.”